Godrej Consumer expect to deliver a second consecutive quarter of close to low double-digit sales growth
Godrej Consumer Products on Tuesday released its quarterly operational update for Q3FY2.
Godrej Consumer Products on Tuesday released its quarterly operational update for Q3FY2. In the update, it said during the quarter ended December 31, 2020, demand trends in our categories across the key countries we operate in, remained stable.
Talking about its performance in India it Godrej Consumer said in India, we expect to deliver a second consecutive quarter of close to low double-digit sales growth, driven by higher than mid-single-digit volume growth. This is led by Soaps, which is expected to deliver strong mid-teen growth. Following a sharp recovery, Hair Colours is also expected to deliver mid-teen growth. Household Insecticides is expected to deliver close to high single-digit growth. It says that it continues the robust scale-up of our Personal and Home Hygiene category.
Expectation in Indonesia
Godrej Consumer, which is a leading emerging markets company said, in Indonesia, the company expects a very marginal decline in constant currency sales, which is impacted by challenging macroeconomic variables, a gradual recovery in the Air Fresheners category and high competitive intensity in the Wet Wipes category.
Expectations from Africa, USA and the Middle East
In Godrej Africa, USA and the Middle East, growth momentum continued across most of the key countries of operations. Based on the trend, the company expect to deliver high teen constant currency sales growth, a second consecutive quarter of double-digit sales growth. It continues to put in place building blocks for the future, and are focused on driving sustainable, profitable sales growth.
Expectations from Latin America
Godrej Consumer expects sales growth in its Latin America business to remain strong in constant currency terms.
Talking about the SAARC business, it says that the business in the region continues to deliver healthy sales growth.
At a consolidated level, Godrej Consumer continues to leverage its category and geographic portfolio well, and expect to deliver a second consecutive quarter of close to low double-digit sales growth.